According to the Job-Rationing Explanation of Unemployment, If There Is

question 126

Multiple Choice

According to the job-rationing explanation of unemployment, if there is unemployment,

• A)the number of people employed will increase to the equilibrium level.
• B)the real wage will increase to the equilibrium level.
• C)the real wage will not fall to the equilibrium level.
• D)the real wage will fall to the equilibrium level.
• E)the number of people employed will decline to the equilibrium level.

---

Definitions:

Marketing Research Firm

A company that specializes in gathering and analyzing data on market conditions, consumer behaviors, and competition to inform marketing strategies.

Focus Group

A research method involving a small, diverse group of people whose reactions to specific products or ideas are studied to gain insights into broader consumer perspectives.

Semantic Differential

A scale used for measuring the meaning of things and concepts, involving pairs of opposite adjectives.

Likert Scale

A psychometric scale commonly used in questionnaires to obtain the preferences or degrees of agreement of respondents to a statement.